SEC, GE Power partner to promote research in power sector

The two agreements are part of SEC’s ongoing collaboration with GE to promote R&D in the power generation sector.
Updated 09 November 2017
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SEC, GE Power partner to promote research in power sector

The Saudi Electricity Company (SEC) and GE Power have signed two technical agreements to promote scientific research and development (R&D) for the power sector in the Kingdom. The collaborations will identify innovative solutions to develop and install new systems that will boost gas turbine efficiency and productivity. The research will also focus on reducing the amount of ash that results from fuel combustion.
Khalid Al-Rashed, executive vice president of engineering and projects, SEC, said: “The first agreement aims to promote research that will help reduce the cost of power generation and power plant maintenance. The second will focus on installing a new system of fuel additives in gas turbines to reduce the water-washing cycle and increase capacity by reducing the amount of ash that results from fuel consumption during the power generation process. The agreements highlight our commitment to leverage advanced technologies to reduce costs and dependence on oil resources, and to meet environmental standards.”
The two agreements are part of SEC’s ongoing collaboration with GE to promote R&D in the power generation sector. “It underlines the commitment of both companies to drive a culture of localized innovation and to identify cutting-edge solutions that will help boost the efficiency of the Kingdom’s power infrastructure,” a press statement said.
“We have a long-term relationship with SEC, and we are committed to further strengthening it through these technical collaboration agreements,” said Hisham Al-Bahkali, president and CEO, GE Saudi Arabia & Bahrain. “The focus on localized R&D to enhance the efficiency and productivity of the power sector supports the goals of Saudi Vision 2030.”
“The new agreements underline our commitment to co-create localized solutions that will support the Kingdom’s power infrastructure,” added Eissa Aqeeli, president & CEO of GE’s Power Services business in Saudi Arabia. “We are confident the collaborations will lead to innovative solutions that will benefit SEC and the Kingdom — not only through greater optimization in resource use but also by nurturing the skills of Saudi professionals in energy-sector research.”
GE and SEC have long supported the development of Saudi Arabia’s power generation sector by bringing industry-leading innovations to the country. In 2016, GE and SEC inaugurated the Saudi PowerGen Efficiency Center (SPEC) for gas and steam turbines, which is operated by SEC across its power plants.


Expo spotlights luxury watches

Updated 17 April 2018
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Expo spotlights luxury watches

Salon des Grandes Complications was officially inaugurated by Prince Faisal bin Nawaf at the Jeddah Hilton Hotel last week. Taking place for the first time in Jeddah from April 9-12, the four-day fine watchmaking exhibition offered a unique and exclusive social platform for horology enthusiasts in Jeddah to gather.

Revered mechanical masterpieces were displayed, encompassing the newest innovations, historial savoir-faire and inimitable craftsmanship. Visitors were invited to delve into the world of haute horology and get up close and personal with timepieces that are among the best in the world, interacting with watchmakers and designers themselves. 

The event included celebrated traditional maisons and niche independent companies such as Armand Nicolet, Armin Strom, Blancpain, Breguet, Fabergé, Girard-Perregaux, Greubel Forsey, Harry Winston, Hysek, Jaeger-LeCoultre, Montblanc, Panerai, Quinting and Vacheron Constantin, and with the support of retailers Alfardan Jewellery, Abdullah Said Binzagr Jewellery and Watches, Al-Hussaini and Platinum Sands.

On wrapping up in Jeddah, the Salon des Grandes Complications will move to Riyadh’s Al-Faisaliah Hotel from April 16-19.

Participating brands have crafted some of the most complicated and highly valued timepieces ever and have between them an array of international accolades.

Salon des Grandes Complications was first launched in the UAE in 2014 and after much success, has taken place every year since — in 2017 also branching out to Saudi Arabia. 

In January, Saudi Arabia was named the 12th largest export market for Swiss watches by the Federation of the Swiss Watch Industry, clearly showing its significance within the industry not only in the Middle East, but on a global level. In 2017, the Kingdom was the second biggest market in the region for Swiss watch exports, with a total value of CHF325.1 million ($349.4 million).

Salon des Grandes Complications is held with the support of the Swiss Embassy in Saudi Arabia and Visa International.